🕊️ President Trump has announced a “complete and total” ceasefire between Israel and Iran, ending what he called the 12-day war. He praised both nations for their courage and intelligence.
📈 The news broke after U.S. markets had closed on Monday — S&P futures rose, and oil prices dropped.
🌏 Today, Asia-Pacific indices are gaining too, while oil and the U.S. dollar are sliding sharply as the Middle East ceasefire holds.
⏰ The truce was due to start at 04:00 GMT, but Iran insisted on 04:00 Iran Standard Time (00:30 GMT). Before that, Israel launched heavy strikes on Tehran with bunker-busting bombs. Iran fired IRST missiles shortly after 04:00 GMT, technically breaching the truce — but markets stayed calm.
🇮🇷 Iranian media called the missile strikes a final blow before the ceasefire took effect. Reports say Israel halted fire by 00:30 GMT, yet Iran continued briefly.
🛢️ WTI crude dropped $11 as fears of supply disruptions faded. U.S. stock indices are up 0.50–0.80% today, close to record highs.
📉 Trump’s truce announcement helped push oil prices lower. It later emerged the U.S. had advance knowledge of Iran’s plans, hinting the last attacks were coordinated.
🤝 Israel agreed to stop on the condition Iran would not escalate further. According to the White House, both sides are now sticking to the truce.
🇰🇷 In South Korea, June’s consumer sentiment index rose to 108.7, the highest since June 2021, while inflation expectations fell to 2.4%, the lowest since October 2021.
💶 Meanwhile, HSBC has lifted its EUR/USD forecast to 1.20 by end-2025, pointing to accelerating global dedollarisation.
🌅 Morning Update | 24.06.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.